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A 500% rally shows the Elon Musk euphoria for bold-faced fund

  • Investors betting big on Elon Musk's businesses are reaping hefty payoffs as his support for Trump and appointment to the Department of Government Efficiency have boosted the market value of Tesla, SpaceX, and xAI.
  • Destiny Tech100 Inc., a closed-end fund that invests in private-market unicorns, has surged over 500% since the US election.
  • Baron Partners Fund, led by octogenarian manager Ron Baron, has seen a near 40% year-to-date return with Tesla as its top holding.
  • Cathie Wood’s ARKK Innovation ETF and the ARK Next Generation Internet ETF have also experienced significant gains thanks to their exposure to Musk's ventures.

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